Guide for Foreigners Buying Apartments in Ghana

Thinking of buying property in Ghana? Here's a guide to what you need to know, including tips on the process and what to look out for.

Speed up the process. Get in touch with us on Whatsapp now!
Uncategorized
468 views
Guide for Foreigners Buying Apartments in Ghana
Click here to browse short stay apartments in Accra

Buying property abroad can be a really rewarding and lucrative move. If you're looking for a new place to live, or have some money to invest, Ghana could be the perfect destination for you. But before you go ahead and buy a property in Ghana, there are a few things you need to know about how the system works here. This guide will cover all the basics of buying an apartment in Ghana. From understanding how currency works and the types of houses available, to the process of buying an apartment and what to do when you get there. Read on to find out more!

 

The basics of buying an apartment in Ghana

The first step to buying a property in Ghana is deciding what you want and where you want it! There are lots of different types of houses available, from apartments to mansions. In order for your house to be built, it needs to have a building permit. You can learn more about this process by checking out our article on the Ghana Building Permit Process.

And don't forget, you will need to pay for your home in foreign currency. Foreigners are only allowed to purchase property in Ghana with foreign currency. This means that you will need an account with a bank that deals in both Ghanaian cedi and the currency you plan on using to buy your house. Once you have set up this account, you will then submit your offer for the home and wait for the seller's response. If they accept, then congratulations! You're ready to move into your new home!

 

The currency system

The currency system in Ghana is a little bit different to what we're used to in the UK. The Ghanaian currency, the cedi, is fixed to the US dollar at a rate of 1 euro = 0.75 cedi.

Due to this system, you can find prices on everything listed in US dollars but will pay in cedi. This means that you should be careful when checking out prices on sites as it's easy to make mistakes with the conversion rates and end up paying more than you thought!

 

Types of housing in Ghana

There are various types of housing in Ghana. The most popular apartment type is a one bedroom, single living space. This type of apartment typically costs around $2,000-$3,000 USD. There are also two bedroom apartments which cost around $4,000-$6,000 USD. If you’re looking for something bigger, there are three and four bedroom apartments available. These cost anywhere between $8,000-12,000 USD.

 

How to buy an apartment in Ghana.

Buying property abroad can be a really rewarding and lucrative move. If you're looking for a new place to live, or have some money to invest, Ghana could be the perfect destination for you. But before you go ahead and buy a property in Ghana, there are a few things you need to know about how the system works here. This guide will cover all the basics of buying an apartment in Ghana. From understanding how currency works and the types of houses available, to the process of buying an apartment and what to do when you get there.

 

What to do when you finally get there

Ghana is a popular destination for people looking to invest in property. But before you go ahead and buy a property in Ghana, there are a few things you need to know about how the system works here. This guide will cover all the basics of buying an apartment in Ghana. From understanding how currency works and the types of houses available, to the process of buying an apartment and what to do when you get there.

 

Finding a place to live

The first thing you need to do when buying your new apartment is to find a place to live. You're looking for a home that matches your budget, and has the right amenities. This is a lot easier in Ghana than it would be in some other countries. The first thing you'll see when you go to buy an apartment here are the many high-rise apartments available. These are perfect for people with families and those who like living in the city center. But if you prefer living in a quieter area, there's no shortage of options either. For example, our guide features a beautiful house on the beach, with all the modern amenities close by and an affordable price tag too!

 

Registering with the government

When you buy a property in Ghana, you have to register the sale with the government. This is a requirement of all property transactions in Ghana and it helps to keep track of ownership. If you're buying property as an individual, then you will need to provide your personal details and identification documents. You also need to present evidence of your address in Ghana (a utility bill) and proof that you have enough money for the purchase. If you're buying with someone else and are not married, then each partner will need their own proof of ID, address and funds available.

 

You can find more information about the registration process on the website of the Ghanaian Ministry of Lands: http://www.mltghana.gov.gh/index.php?s=buy-property

 

Obtaining your visa or work permit

Before you can buy a property, you need to get your visa or work permit. You'll find that many countries will require you to have this before you buy a property in their country.

To obtain a visa, you'll need to provide a valid passport, proof of employment and evidence of sufficient funds which are all put together into an application form and submitted to the Ghana Immigration Service.

A work permit is needed if your job requires one. This is usually the case for jobs like teaching, international law or medicine. You’ll need to submit your visa application along with confirmation of employment and evidence that you have enough money to support yourself in Ghana.

If you're not sure if it's better for you to get a work permit or visa, contact the relevant embassy in your country before applying as they will be able to advise on this.